Under the C.P.C. the court can award interest from the date of decree till the date of realisation at…
Section 34(1) CPC lets the court award further interest from the date of the decree to the date of payment at a rate "not exceeding six per cent" per annum. Under the…
Choose your answer
Under the C.P.C. the court can award interest from the date of decree till the date of realisation at the rate not exceeding:-
Answer and explanation
Correct answer C
Section 34(1) CPC lets the court award further interest from the date of the decree to the date of payment at a rate "not exceeding six per cent" per annum. Under the proviso, where the liability arose out of a commercial transaction, the rate may exceed six per cent but must not exceed the contractual rate or, if there is none, the rate at which nationalised banks lend for commercial transactions.
Nine, ten and twelve per cent are not the general statutory ceiling.
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